Private Advisor Group LLC Has $7.53 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Private Advisor Group LLC raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,740 shares of the specialty chemicals company’s stock after acquiring an additional 315 shares during the period. Private Advisor Group LLC’s holdings in Sherwin-Williams were worth $7,534,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHW. HHM Wealth Advisors LLC lifted its stake in shares of Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 45 shares during the last quarter. Semmax Financial Advisors Inc. raised its position in Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 60 shares during the last quarter. VitalStone Financial LLC boosted its stake in shares of Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 77 shares in the last quarter. Anfield Capital Management LLC bought a new stake in shares of Sherwin-Williams during the second quarter worth about $38,000. Finally, Friedenthal Financial acquired a new position in shares of Sherwin-Williams in the third quarter valued at approximately $50,000. Institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Royal Bank of Canada cut their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research report on Thursday. Wells Fargo & Company boosted their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group raised their target price on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, BMO Capital Markets raised their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $395.29.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $359.04 on Friday. The firm has a market capitalization of $91.03 billion, a P/E ratio of 38.34, a P/E/G ratio of 2.87 and a beta of 1.17. The firm’s 50-day moving average price is $371.91 and its 200-day moving average price is $334.83. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 1-year low of $232.06 and a 1-year high of $392.57.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.20 earnings per share. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.31 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.